Mr. Mike Taylor reports

SLAM DRILLING MULTIPLE COPPER NICKEL ZONES

Slam Exploration Ltd. has released preliminary results from holes GW24-10, GW24-11 and GW24-12 drilled on the Granges zone at its wholly owned Goodwin project, located 35 kilometres south of the Caribou mine and mill complex in the Bathurst mining camp (BMC) of New Brunswick.

Hole GW24-10 was drilled from a site 20 metres southeast of GW24-02 and intersected two mineral zones over 0.94 metre and 2.18 metres, respectively. GW24-11 stepped a further 20 metres southeast and intersected an 18.00-metre zone of mineralization. GW24-12 was drilled behind GW24-02 and intersected an 8.65-metre zone with massive sulphide lenses up to 1.5 metres thick. These holes were designed to test the extent of copper-nickel mineralization in hole GW24-02, which intersected 31.20 metres grading 1.32 per cent copper, 1.11 per cent nickel and 0.09 per cent cobalt. Approximately 89 samples from these three holes are being sawn and shipped for analysis. The summary logs are shown in the attached table.

After hole GW24-12, the drill was moved 500 metres north to drill hole GW24-13 from a site 50 metres ahead of hole GW24-09 on the Logan zone. This was followed by hole GW24-14 at a site located 60 metres behind hole GW24-09. Logging and sampling are in progress on these two holes.

Quality assurance/quality control procedures

The core was delivered to a secure facility in Bathurst, N.B., for detailed logging and sampling. The core descriptions and the summary log for holes GW24-10 to GW24-12 are based on visual observations of the core. The results for holes GW24-01 to GW24-03 were previously reported in news releases by Slam from July 30, 2024, to Aug. 12, 2024. The historic results from previous workers are derived from New Brunswick assessment files that predate National Instrument 43-101 regulations. They can only be validated by additional drilling.

About Slam Exploration Ltd.

Slam Exploration is a public resource company with a substantial portfolio of mineral claim holdings in the mineral-rich province of New Brunswick. The company recently completed three diamond drill holes on the Goodwin copper-nickel project in the BMC of New Brunswick. Highlights include:

• A 60.60-metre core interval grading 1.17 per cent copper equivalent in hole GW24-03;
• A 64.90-metre core interval grading 2.14 per cent copper equivalent in hole GW24-02.

Slam has discovered multiple gold veins on its wholly owned Menneval gold project. The company has reported gold-bearing core intervals, including 162.5 grams per tonne gold over 0.2 metre and 56.90 grams per tonne gold over 0.5 metre (see news releases dated Dec. 13, 2021, and Nov. 22, 2022). Additionally, the company reported quartz float grading up to 39.2 grams per tonne gold on its Jake Lee project, located near the Clarence Stream gold deposit, where Galway Metals Inc. is working on a 2.3-million-ounce gold deposit in southern New Brunswick.

Slam also owns the Mine Road copper-zinc-silver project, adjacent to the former-producing Heath Steele Mines property in the BMC. Previous workers have reported successful diamond drill holes at Mine Road, including IL2014-003, which intersected a nine-metre core interval grading 14.51 per cent zinc, 5.86 per cent lead, 0.67 per cent copper and 139.9 grams per tonne silver in the volcanogenic massive sulphide Railroad zone (Doe Run Canadian Exploration ULC; 2015, New Brunswick Assessment Files, Report of Work 477877). The Railroad zone is located 7,000 metres east of the 20-million-tonne, former-producing Heath Steele B zone.

The company is a project generator and has received significant cash and share payments over the past year. The company holds net smelter return royalties and expects additional cash and share payments from the Wedge copper-zinc project and the Ramsay, Reserve Creek and Opikeigen gold projects.

Qualifying statement

Mike Taylor, PGeo, president and chief executive officer of Slam Exploration, is a qualified person as defined by NI 43-101 and has approved the contents of this news release.

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